Press release
Hybrid Seeds Market Report 2024: Strategies And Recent Developments | Bayer AG., Corteva Agriscience Inc., Syngenta AG, Limagrain Holding SA, KWS SAAT SE & Co. KGaA
Hybrid Seeds Market Size
The Business Research Company offers in-depth market insights through Hybrid Seeds Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The hybrid seeds market size has grown rapidly in recent years. It will grow from $48.73 billion in 2023 to $53.62 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to agricultural productivity, market demand, government initiatives, consumer preferences.
The hybrid seeds market size is expected to see strong growth in the next few years. It will grow to $75.09 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to population growth, climate change and environmental challenges, increasing adoption of genetically modified (gm) crops, emerging markets, sustainable agriculture practices. Major trends in the forecast period include research and innovation, technology advancements, biotechnological advancements, digital agriculture, partnerships and collaborations, seed customization.
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Market Segmentation:
The hybrid seeds market covered in this report is segmented -
1) By Crop Type: Cereals & Grains, Oilseeds & Pulses, Vegetables, Other Crop Types
2) By Key Crop: Corn, Rice, Soybean, Cotton, Tomato, Other Key Crops
3) By Cultivation Type: Open Field Cultivation, Protected Cultivation
Major Driver - Fruits And Vegetables Fuels The Hybrid Seeds Market
The rise in demand for fruits and vegetables is expected to propel the growth of the hybrid seeds market going forward. With the change in dietary habits globally, the demand for fresh and frozen vegetables has been increasing. Customers have become more conscious about what to consume to better their health and overall wellness. Hybrid seeds are easier to nurture and create plants that produce bigger fruits. For instance, according to the Indian Brand Equity Foundation, the total production of fruit and vegetable processing will increase to 25% by 2025. In addition, according to the National Horticulture Board, from 2019-to 2020, India had produced 99.07 million metric tons of fruits and 191.77 million metric tons of vegetables. The field under cultivation of fruits stood at 6.66 million hectares while vegetables were cultivated at 10.35 million hectares. Therefore, the increase in the demand for fruits and vegetables is driving the growth of the hybrid seeds market.
Competitive Landscape:
Major companies operating in the hybrid seeds market report are Bayer AG., Corteva Agriscience Inc., Syngenta AG, Limagrain Holding SA, KWS SAAT SE & Co. KGaA, Sakata Seed Corporation, DLF Seeds A/S, Hunan Longping High-Tech Co. Ltd., Euralis Semences S. A., Advanta Seeds US Inc., Ajeet Seeds Pvt. Ltd., InVivo Group, Bostadt India Limited, China National Seed Group Co. Ltd., Rasi Seeds (P) Ltd., Rallis India Limited, Takii & Co. Ltd., JK Agri Genetics Limited, BASF SE, VNR Seeds Pvt. Ltd., East West Seeds India Pvt Ltd, Bejo Zaden B. V., Groupe Roullier (officially known as Roullier Group), Rijk Zwaan Zaadteelt en Zaadhandel B. V., Vilmorin & Cie SA, Barenbrug Holding B. V., Known-You Seed Co. Ltd., Tozer Seeds Europe Ltd., Enza Zaden Beheer B. V., Seed Co Limited, E. W. Gaze Seeds Co. Ltd., Johnny's Selected Seeds Inc., Seedway LLC
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Top Trend - Innovations Redefining The Hybrid Seeds Market
New product innovations have emerged as a key trend gaining popularity in the hybrid seeds market. The key players in the market are more focusing on innovations to maintain their products in the market as there is increased demand for food products. For instance, in January 2021, Bayer, a Germany-based pharmaceutical and life sciences company, introduced four new varieties of Seminis vegetable seeds, including 'Anshuman' in tomato, 'SVHA9093' in hot pepper, and 'Bazlet' in cucumber, and 'Himgauri' in cauliflower. These are innovative next-generation hybrids from Bayer focused on the changes in consumer tastes and preferences.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hybrid Seeds Market Characteristics
3. Hybrid Seeds Market Trends And Strategies
4. Hybrid Seeds Market - Macro Economic Scenario
5. Hybrid Seeds Market Size And Growth
…..
27. Hybrid Seeds Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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